Regulation 16 Commission Implementing Decision (EU) 2019/541

Commission Implementing Decision (EU) 2019/541 of 1 April 2019 on the equivalence of the legal and supervisory framework applicable to approved exchanges and recognised market operators in Singapore in accordance with Regulation (EU) No 600/2014 of the European Parliament and of the Council is amended as follows.

In Article 1, for the words from “comply with” to the end, substitute—

“—

(a)

comply with legally binding requirements which are equivalent to the requirements for the trading venues referred to in points (a), (b) and (c) of Article 28(1) of Regulation (EU) No 600/2014 resulting from—

(i)

that Regulation;

(ii)

the law of the United Kingdom which was relied on by the United Kingdom immediately before exit day to implement Directive 2014/65/EU; and

(iii)

Regulation (EU) No 596/2014, and

(b)

are subject to effective supervision and enforcement in Singapore.”.

Omit Article 2.